Australia Botanical Ingredients Market Size & Outlook
Australia botanical ingredients market, 2018-2030 (US$M)
Related Markets
Australia botanical ingredients market highlights
- The Australia botanical ingredients market generated a revenue of USD 6,141.4 million in 2023 and is expected to reach USD 11,563.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
Botanical ingredients market data book summary
| Market revenue in 2023 | USD 6,141.4 million |
| Market revenue in 2030 | USD 11,563.7 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
| Key market players worldwide | Adesso SE, Lipoid, International Flavors & Fragrances Inc, The Green Labs, DSM |
Other key industry trends
- In terms of revenue, Australia accounted for 3.5% of the global botanical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,377.7 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia botanical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanical ingredients market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 54.11% in 2023. Horizon Databook has segmented the Australia botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is one of the largest geographically diverse countries in the world, thus a variety of plants are cultivated across the country. Several botanicals, including Lemon Myrtle, Kakadu Plum, Lilly Pilly, Quandong, macadamia nut, Rosalina, Tea Tree Lemon, and others, are predominantly cultivated in Australia.
Extracts of the aforementioned botanicals are majorly utilized in cosmetics owing to their antioxidant and antiseptic properties. Thus, the presence of extensive unique raw material supplies makes Australia a lucrative destination to establish processing facilities for botanical ingredients manufacturing.
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Target buyers of Australia botanical ingredients market databook
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Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Australia botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia botanical ingredients market size, by form, 2018-2030 (US$M)
Australia Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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